However, Liberty will pay that rate up to $10,000, a far better option for most investors.

Even so, Olney, Ill.-based TrustBank’s rewards checking is worth a look for savers who can’t make a huge commitment — especially when you compare what it’s offering to the average CD rate.

Earning 7.0% APY on a $1,000 balance will bring you $70 in yearly interest, while the average 12-month CD earns 0.48% APY.

That means you’ll have to sock away $14,500 in a CD to earn $70 in a year. And your money is tied up during that time.

It may be easier to come up with $1,000 than $14,500, but you can’t just let your money sit in the iChecking account.
Each month you need to make at least 10 TrustBank debit or check transactions, at least one direct deposit, two online bill payments, access online banking at least once and receive eStatements.

Fail to meet the minimum requirements and your money will earn just 0.20% APY. Any money you keep in the account more than $1,000 also will earn at that interest rate.

The account carries no fees and you get free access to Allpoint ATMs nationwide.

TrustBank serves customers in southeastern Illinois and also has a branch in Arizona.